Securities / Derivatives

Securities / Derivatives

Bursa Malaysia Raises Share Issue Limits, Extends Filing Deadlines

By Editors | 20/04/2020

Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.

Securities / Derivatives

CSRC Approves Credit Suisse Majority Control of Securities JV

By Editors | 20/04/2020

The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.

Securities / Derivatives

SFC Seeks Certainty on ETF Market Making Continuity

By Editors | 18/04/2020

ETF management companies should procure more than one market maker, or secure arrangements for alternative market makers to quickly step in if there is a disruption.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Securities / Derivatives

UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising

By Editors | 17/04/2020

MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.

Crypto / Digital Assets

Malaysia SC Announces Capital Market Measures to Support Businesses

By Editors | 17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.

Securities / Derivatives

BOK to Launch New Loan Programme for Brokers, Insurers

By Editors | 16/04/2020

Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.

Securities / Derivatives

ASIC Updates Guidance on Active ETF Internal Market Making

By Editors | 16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

AML / KYC

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

By Editors | 16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.